Analysts at Westpac are recommending to sell AUD/USD pair at 0.7085 levels, for the target price of 0.6960, while maintaining a stop loss of 0.7120. Key Quotes “Rationale: Look to sell AUD into position squeezes. RBA remained on hold with a less emphatic easing bias than anticipated and now leaves the market short AUD RBA highlighted that AUD was at the lower end of its recent range and so that they do not see AUD as overvalued Iron ore production from Brazil is being reduced, this should maintain AU exports at elevated levels but the risk of US imposing trade tariffs on China is likely to severely limit AUD upside Concern over the outcome in AU’s approaching 18th May Federal Elections should also weigh on AUD.” FX Street FX Street FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions. View All Post By FX Street FXStreet News share Read Next USD/CAD struggles near 1.3460 on WTI pullback, Canada dataEIA eyed FX Street 3 years Analysts at Westpac are recommending to sell AUD/USD pair at 0.7085 levels, for the target price of 0.6960, while maintaining a stop loss of 0.7120. Key Quotes "Rationale: Look to sell AUD into position squeezes. RBA remained on hold with a less emphatic easing bias than anticipated and now leaves the market short AUD RBA highlighted that AUD was at the lower end of its recent range and so that they do not see AUD as overvalued Iron ore production from Brazil is being reduced, this should maintain AU exports at elevated levels but the risk of US imposing trade… Regulated Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.
